Zanaga Iron Ore Co (LSE:ZIOC) ROCE %

: -0.81% (As of Jun. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Zanaga Iron Ore Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.81%.

Zanaga Iron Ore Co ROCE % Historical Data

The historical data trend for Zanaga Iron Ore Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zanaga Iron Ore Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-2.73

-3.15

-2.87

-3.27

-0.86

Zanaga Iron Ore Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %																-1.95	-4.55	-1.06	-1.06	-0.81

Zanaga Iron Ore Co ROCE % Calculation

Zanaga Iron Ore Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.424	/	( ( (28.493 - 0.115)	+	(70.956 - 0.92) )	/ 2 )
	=	-0.424	/	( (28.378	+	70.036)	/ 2 )
	=	-0.424	/	49.207
	=	-0.86 %

Zanaga Iron Ore Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.554	/	( ( (70.956 - 0.92)	+	(68.597 - 1.311) )	/ 2 )
	=	-0.554	/	( ( 70.036	+	67.286 )	/ 2 )
	=	-0.554	/	68.661
	=	-0.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Zanaga Iron Ore Co (LSE:ZIOC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Zanaga Iron Ore Co ROCE % Related Terms

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Zanaga Iron Ore Co (LSE:ZIOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zanaga Iron Ore Co Ltd (LSE:ZIOC) » Definitions » ROCE %

Traded in Other Exchanges

ZIOC.GB:UK 6ZA:Germany

Address

Wickhams Cay II, Coastal Building, P.O. Box 2221, 2nd Floor, Tortola, Road Town, VGB

Website

https://www.zanagairon.com

Zanaga Iron Ore Co Ltd is an iron ore exploration and development company. The company holds an interest in the Zanaga Iron Ore Project located in the Republic of Congo which is also known as Congo-Brazzaville. Its long-term objective is to maximize the value of its sole asset and the Project which is currently focused on managing, developing, and constructing a world-class iron ore asset capable of mining, processing, transporting, and exporting iron ore at full production.

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